Air Purifiers Market - Top Vendors Analysis, Market Challenges and Geographical Analysis

The air purifier market is expected to witness notable growth by 2027 owing to surging product demand in leading regions across the globe. Moreover, rising consumer focus on improving indoor air quality is likely to further support market growth through the forecast timeline.
After the COVID-19 outbreak, air purifiers gained unprecedented prominence as leading health agencies affirmed that they could help reduce airborne contaminants, including viruses, in homes or confined spaces. Driven by stringent lockdown restrictions that forced people to stay indoors for an extended period, product uptake has increased immensely in both hospital and residential settings, thereby propelling industry expansion.
The air purifier market has been bifurcated on the basis of product, application, sales channel, and region. Based on product, the market has been divided into mechanical air filters, sorbent air cleaner, electronic air filter, air cleaner using photocatalytic oxidation, packaged air cleaners, air cleaner using germicidal energy (UV-C), and ozone generating air cleaning device.
The mechanical air filters product segment has further been categorized into fiberglass filter, washable filter, polyester filter, and HEPA filter. The fiberglass filter segment is estimated to grow at a CAGR of over 8.5% through the assessment period to reach a sizable revenue by 2027. The washable filter segment holds a substantial volume share in the market and is anticipated to expand at approximately 12% CAGR over the analysis timeframe.
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The electronic air filter product segment is projected to see robust growth at above 12.5% CAGR through the forecast timeline. The air cleaner using photocatalytic oxidation product segment is calculated to amass profitable gains by the end of 2027, growing at a CAGR of around 11.5% over the review period.
The air cleaner using germicidal energy (UV-C) product segment is estimated to progress at a CAGR of about 12% through the forecast timeline. The ozone generating air cleaning device product segment holds a substantial revenue share in the overall market and is projected to grow at approximately 4% CAGR over the analysis period.
With respect to application, the air purifier market has been segregated into residential, non-residential (institution, commercial, office, and healthcare), and industrial (food & beverage, livestock, construction, pharmaceutical, and others). The commercial application segment accounts for a considerable volume share in the overall industry and is estimated to grow at over 11.5% CAGR through the analysis timeline. The institution application segment is projected to expand at a CAGR of more than 12.5% over the study timeframe.
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The pharmaceutical application segment is slated to grow at a CAGR of over 12.5% through the assessment time period to reach a significant valuation by the end of 2027. The livestock application segment is expected to see steady growth at a CAGR of above 11.5% over the forecast timeline.
In terms of sales channel, the air purifier market has been categorized into online and offline. The online sales channel segment is anticipated to grow at approximately 15% CAGR through the projected timeline. The offline sales channel segment is set to progress at a CAGR of around 9% over the analysis period to garner a considerable revenue by the end of 2027.
From the regional perspective, the LATAM air purifier market is estimated to grow at over 11.5% CAGR through the review period to gather a sizable share in the overall market revenue by 2027. The MEA air purifier market is projected to observe lucrative growth by the end of 2027, progressing at nearly 10% CAGR over the forecast period.
Table Of Content:
Chapter 1   Methodology & Scope
1.1    Market definitions
1.2    Base estimates & calculations
1.3    Forecast calculations
1.4    Data Sources
1.4.1    Primary
1.4.2    Secondary
1.4.2.1    Paid Sources
1.4.2.2    Public Sources
Chapter 2   Executive Summary
2.1    Air purifiers industry 3600 synopsis, 2016 - 2027
2.1.1    Business Trends
2.1.2    Product Trends
2.1.3    Application Trends
2.1.4    Sales Channel Trends
2.1.5    Regional Trends
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